How to Properly Fill Out COL Forms

This task may seem simple, but there have been lots of repeated questions on this, so I’m finally blogging about it.

Let’s start with an Individual Account. Tick off the 1st box (Individual). Most important thing to remember if it’s an individual application is that you need NOT fill out the ‘Secondary Account Holder’ portion.

Look at the images first and then read the descriptions that follow.

The first part is the ‘Personal Information’. This is pretty basic. It just asks for your personal details like name, address, contact numbers, etc. Make sure you put your correct Email address. COL Financial is an online brokerage, and hence, most of its correspondence will be via email. (Always check your Spam folder as well for COL’s initial email and add this email address to your Contacts).

The 2nd part is ‘Additional Information’ and it asks about your employment details. If you are unemployed, just tick off that box and write N/A (Not Applicable) on the other boxes. Otherwise, answer all questions.

The 3rd part is ‘Disclosures’. Again, pretty simple. Just answer either yes or no. If any part here doesn’t apply to you, just write N/A.

The 4th part is ‘Financial and Investment Profile’. Just for compliance sake, let’s tick off our choices here.

For the ‘Investment Objectives’, all you need is to number them according to your priority.

a. ‘Capital Preservation’, for lack of better explanation, is if you want to preserve your capital. You are very conservative in your approach to investing in that you want a guaranteed rate of return or at least just a return of what you originally invested.

b. ‘Long-term Investment’ is if you are ok to invest funds you won’t be needing for at least 5 years or more.

c. ‘Growth’ is if you want your investments to grow at a rate faster than what regular banks give.

d. ‘Speculation’ is if you have a very aggressive approach to investing. You are willing to take on higher risks just to have a higher rate of investment return.

For Bank info, it is really up to you to fill this part out, but it is NOT mandatory that you have a bank account before you can open a COL account. If you don’t have one (or you just don’t want to divulge the info), you may just write N/A.

On the signature part, just sign on the first line (Primary Account Holder).

Last is the signature part on page 4 of Online Securities Trading Agreement. Please write your address on #25.2. Write the date when you signed the document. Write your name and sign on the first signature line (Primary).

We also have 2 signature cards to sign, same as what banks usually require us when we open an account with them.

For Joint Accounts, it is basically the same procedure, except that you need to write down the details of the other party on the ‘Secondary Account Holder’ portion. Secondary Account Holders may be your spouse, parent, sibling, adult child, a friend, any relative or anyone for that matter.

For Minors (below 18 yrs), parents may open an ITF Account for them. This is how to fill out the app.

Instead of ticking off ‘Individual’, tick off ‘Others’ and write ITF. On the ‘Secondary Account Holder’ portion, write the details of the child.

On the signature portion, the adult signs as the Primary Account Holder on the first line, and writes the name of the child on the second line. Be sure to put on the date when you accomplished the forms.

Same thing here and on the signature cards. The adult writes his name and signs on the first line, and writes the name of the child on the second line.

There you have it. Now, that you’ve filled out the forms, just attach a copy of your ID (please sign on the copy 3x) and a billing statement (credit card, electric, water, mobile, phone, bank statement, etc.). Once everything is ready, either you submit personally to COL or have it picked up (within Metro Manila only). Call COL’s hotline at 651-5888.

For TrulyRichClub members, we do have a point person in COL to whom you can scan/email the documents first before mailing just to make sure everything is ok to avoid delays. Please pm me in our exclusive TRC social site and I will give you the name and email.

Thanks and God bless!

P.S. 1. COL Financial, Inc. is the recommended Stock Broker of Bro. Bo Sanchez to all his Truly Rich Club members. The TrulyRichClub is a membership Club that he had created to help people achieve Financial Wealth and Spiritual Abundance. It is a private group of individuals who have decided to do something about changing their beliefs and thinking—to gain the abundance mentality they need to change their lives forever. Bro. Bo provides them with the right tools, principles, and strategies to grow in their financial and spiritual life.

P.S. 2. Wanna join us at the ‘Happiest Place on Earth‘? We do a meet and greet with Bro. Bo every Sunday at the Feast PICC. Please feel free to join us after the 3rd session. For Feast schedules in PICC and other areas around the metro, pls refer to the right side of Kerygma Family homepage.

hi joey can u send me too, the email address and if you also guide me in filling up the application for col? i’m also OFW, no bank account yet in phiippines. but i do have bank account here in america po. and can i used my california id and bill statement here in filling up the applicaiton?
salamat po. GODBLESS

Hi Marianne. Are you a TRC Member? If not, you can always email the docs to helpdesk@colfinancial.com Yes, it’s just to check whether the docs are ok and the forms completely filled out, but you still have to send them via courier.

Another thing you, or anyone could do, is to fill out the forms online, and one of COL’s agents will get back to you to give you further instructions.

I am a TRC member and currently living in Abu Dhabi. Can you please send me the name and email address of the COL representative that will check my application form? Also, if I want to make my 2 kids and husband as my beneficiaries, do I need to fill up 3 application forms for each? So will that give me 3 account numbers?

One more, as I am in Abu Dhabi, is it okay if I’ll just send my application forms and billing statements/identification cards via courier?

Yes, sure, Kenneth. I’d be very happy to assist you. But thing is, if you join TRC, it won’t be just me who would lend a hand, but all the active members who are always surfing our own, exclusive social site. Trust me, you will be surrounded by a lot of experts in different fields who are all willing to extend help to any member at any time.

Hi sis joey just finish watching your interview with alan I’m a newbies, kindly send the name of our point of contact where i can email my scan copies of accomplished COL app and I,D’s. Another thing please tell me to how to enrolled my children here in the TRC but they are not minors any more. Thanks a lot.

Good day Joey,
Can you please help me, what are the documents that I needed to prepare and to whom do I need to send the documents, ‘Coz I am an OFW.
By the way, If i am already a member of COL, do I need to pay a tax even I am an OFW?

Hi there. Are you a Truly Rich Club member? I couldn’t find you in our system. In any case, the documents needed are COL forms, copy of valid ID and Bill Statement. You may scan and email to helpdesk@colfinancial.com

Each time we trade (buy/sell stocks), we already get taxed. No one is exempt from that.

Im a new TRC member and Im interested sa Stock Market and I hope you could guide me kasi I need to do something about my financial problem and I believe in joining TRC I will be Spiritually and financially stable.Mam I would like to ask if the secondary acoount holder is my benificiary and she needs to submit the same requiremnts too?Thank you.

Hi Theresa. The Secondary Acct holder is not your beneficiary; she is a co-principal. Meaning, both of you are owners of the acct. COL acct is so much just like bank accts. No beneficiary or heirs. If something happens to the principal acct holder, the acct is frozen and automatically forms part of the estate. The heirs would have to go through extra judicial proceedings to stake a claim.

gud pm miss joey. im a fresh member of the truly rich club. i just filled up my COL application form. my question is where shall i send this? is there any COL point person in particular that i can send this thru him/her? thanx a lot. ur reply is very much appreciated. 🙂

I am a new TRC member. Can you please send me the name and email address of the COL representative that will check my application form? Also, please tell me how to open an account for my kids (minor and non-minor). Thanks and more power.

Joey, just joined trc and would appreciate it if you could send me the email address where I could send scanned copy of my application form. please email me the col representative mailing address to whom I can send the original application together with ID copy and billing address once completed

Have a good day! I am new in Truly Rich Club since yesterday after the confirmation. Kindly send to me the contact person in COL in which i will send my application letter for opening an Individual Account.

Have a good day! I am new in Truly Rich Club after the confirmation. Can I ask for the contact person in COL in which I can send a copy of my completed COL financial form for opening an Individual Account so I can verify if everything is filled up correctly?

To Christ The King!!! i am new and wanted to open account in col and i dont know if all i signed was right, can you give me info where and how to check my papers before i send to courier. sino po ang papadalhan ko ng papers ko nasa japan po kasi ako. at hindi pa po ako member ng trc. thank you po and hoping to get a wonderful responce on my email.

Good day. I am a new member of TRC. I want to send my application via email for checking first before I send it via courier. Kindly send me the email address where i can send the scan forms and docs. Thanks!

I am TRC newbie member, an ofw from Abu Dhabi. Can you please send me an email to where i can submit a scan copy of my forms and documents prior to sending to COL? It would be a joint account with my husband.

I’m just about to start opening an account with COL. I’m here in Saudi Arabia, Can I just scan the application form and send it to my relatives in the Philippines via email so they will be the one to send it to COL office in manila?

Do I need to have a secondary account holder? Can I just leave it blank? If I’m going to put my parent and I’m working abroad, how can they sign on the secondary account holder? pls. reply asap as I’m already going to mail my docs to COL financial. I’m not yet an official member of TRC but I’m going to….tnx can u pls. answer me in my email so I read it immediately? tnx. — arvi08@yahoo.com

He has to sign the form. You’d have to either send it to him and he sends to COL, or he sends to you and you send to COL. Both of you need to provide ID. 1 Bill statement would suffice. You both should write the same home address (as shown on the bill)

HI ms. joey, i am an ofw in oman po regarding requirements for application is it all right if i will give my bill statement from the bank here in oman? but my concern is that they might use the address i have here in oman, something that i dont want since i am also planning to transfer in other country. I want my philippine address to be honored if ever. Can i also get the email of the person to which i will send my scanned requirements first before i send thru courier. thank you!

Hi Joey!
I’m an OFW in KSA with a year remaining b4 going home, just want to be member of TRC soon, then later want to apply for COL account, but I don’t have any billing statement here, except for the bank atm we use when we received our salary, does this inquiring slip can be use to submit together with my ID’s for applying for col account?
Hoping for your answer..
Thanks and regards,
jonjon

HI Jon. If you want to be a member of TRC, you don’t need any of those requirements except sign up through any TRC link you find here in my blog. Just click any TRC logo or TRC word you find here.

As for your COL acct, the sooner you open an acct with them, the better. For the Billing statement, you can use any bill that has your address on it, even if it’s not under your name (landlord’s perhaps). The reason for the bill is to verify your address. So, just send anything that has your address on it, and email COL (helpdesk@colfinancial.com) and see if they’d accept the doc you submit.

I just already a member of TRC upon receiving a confirmation email today. I would like to ask you, what is the email of representative to submit my scanned COL application and ID docs for approval before I send it via courier?